- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 22 Jan 2026
- Managers listing it
- 41
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 20 listed it in both
- Shares listed
- 49,749,899
- combined, among listed positions
- Reported value
- $5.6bn
- combined, at the quarter end
Among the 92 comparable managers: 28 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,740,225.
Managers listing UAL in Q4 2025
41 of 41 holders
Largest increases and reductions, by shares
Increases
- Fidelity (FMR LLC)existing position · 16,417,564 shares now+1,857,987
- Two Sigma Investments LPexisting position · 1,341,548 shares now+1,305,748
- Point72 Asset Management LPexisting position · 1,791,602 shares now+1,153,496
- AQR Capital Management LLCexisting position · 2,928,657 shares now+1,060,371
- Jane Street Group LLCexisting position · 1,726,042 shares now+1,053,082
Reductions
- Balyasny Asset Management LLCexisting position · 4,845 shares now-2,641,208
- Freestone Grove Partners LPexisting position · 78,314 shares now-698,469
- Susquehanna International Group LLPexisting position · 555,017 shares now-473,757
- Davidson Kempner Capital Management LPexisting position · 60,000 shares now-190,000
- Marshall Wace LLPexisting position · 811,277 shares now-148,760
New positions and exits
New (5)
Exited (1)
- Holocene Advisors LPwas $144m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 17 | $4.5bn | n.a. | n.a. |
| Q3 2013 | 15 | $4.4bn | n.a. | n.a. |
| Q4 2013 | 17 | $5.6bn | n.a. | n.a. |
| Q1 2014 | 19 | $6.0bn | n.a. | n.a. |
| Q2 2014 | 16 | $4.7bn | n.a. | n.a. |
| Q3 2014 | 18 | $4.6bn | n.a. | n.a. |
| Q4 2014 | 23 | $7.1bn | n.a. | n.a. |
| Q1 2015 | 26 | $7.5bn | n.a. | n.a. |
| Q2 2015 | 24 | $4.7bn | n.a. | n.a. |
| Q3 2015 | 20 | $4.5bn | n.a. | n.a. |
| Q4 2015 | 21 | $4.2bn | n.a. | n.a. |
| Q1 2016 | 22 | $4.1bn | n.a. | n.a. |
| Q2 2016 | 18 | $2.1bn | n.a. | n.a. |
| Q3 2016 | 24 | $2.8bn | n.a. | n.a. |
| Q4 2016 | 21 | $5.1bn | n.a. | n.a. |
| Q1 2017 | 21 | $4.6bn | n.a. | n.a. |
| Q2 2017 | 24 | $5.5bn | n.a. | n.a. |
| Q3 2017 | 20 | $4.3bn | n.a. | n.a. |
| Q4 2017 | 18 | $5.5bn | n.a. | n.a. |
| Q1 2018 | 20 | $4.9bn | n.a. | n.a. |
| Q2 2018 | 16 | $4.2bn | n.a. | n.a. |
| Q3 2018 | 21 | $5.9bn | n.a. | n.a. |
| Q4 2018 | 21 | $5.6bn | n.a. | n.a. |
| Q1 2019 | 26 | $5.0bn | n.a. | n.a. |
| Q2 2019 | 19 | $5.2bn | n.a. | n.a. |
| Q3 2019 | 23 | $5.9bn | n.a. | n.a. |
| Q4 2019 | 27 | $5.6bn | n.a. | n.a. |
| Q1 2020 | 12 | $1.5bn | n.a. | n.a. |
| Q2 2020 | 8 | $362m | n.a. | n.a. |
| Q3 2020 | 8 | $219m | n.a. | n.a. |
| Q4 2020 | 13 | $720m | n.a. | n.a. |
| Q1 2021 | 16 | $1.6bn | n.a. | n.a. |
| Q2 2021 | 10 | $816m | n.a. | n.a. |
| Q3 2021 | 8 | $387m | n.a. | n.a. |
| Q4 2021 | 8 | $351m | n.a. | n.a. |
| Q1 2022 | 9 | $680m | n.a. | n.a. |
| Q2 2022 | 12 | $661m | n.a. | n.a. |
| Q3 2022 | 7 | $322m | n.a. | n.a. |
| Q4 2022 | 11 | $737m | n.a. | n.a. |
| Q1 2023 | 13 | $930m | n.a. | n.a. |
| Q2 2023 | 18 | $1.8bn | n.a. | n.a. |
| Q3 2023 | 11 | $1.3bn | n.a. | n.a. |
| Q4 2023 | 11 | $954m | 6 | 7 |
| Q1 2024 | 16 | $1.6bn | 12 | 5 |
| Q2 2024 | 15 | $1.6bn | 9 | 9 |
| Q3 2024 | 14 | $1.7bn | 8 | 6 |
| Q4 2024 | 22 | $3.6bn | 15 | 8 |
| Q1 2025 | 18 | $1.6bn | 14 | 5 |
| Q2 2025 | 21 | $2.4bn | 13 | 9 |
| Q3 2025 | 21 | $4.0bn | 16 | 6 |
| Q4 2025 | 30 | $5.3bn | 28 | 14 |
| Q1 2026 | 24 | $4.9bn | 20 | 24 |
| Q2 2026 | 27 | $8.4bn | 23 | 17 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
UAL and KLAC →UAL and GE →UAL and LRCX →Choose a stock to compare with UAL →
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own UAL, latest filings →Back to the 13F Explorer →